TREE NEWS update: Villeroy, a member of the European Central Bank’s (ECB) Governing Council and Governor of the Bank of France, said that inflation is mainly driven by the Middle East conflict and energy-related factors. Medium-term inflation expectations among businesses and households remain well anchored. He also added that rising interest rates could dampen demand, triggering a more moderate response to inflation shocks.
ECB’s Villeroy: Inflation Mainly Driven by Middle East Conflict and Energy Factors
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